ETF Evaluator:
VegaShares AI Thrml, Clng & Pwr Mgmt ETF (COOL)
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(as of Sep 18)
Best Performing in Technology Over the Last Year
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ETF Details
VegaShares AI Thrml, Clng & Pwr Mgmt ETF Overview
VegaShares AI Thrml, Clng & Pwr Mgmt ETF (COOL) is an actively managed Sector Equity Technology exchange-traded fund (ETF). VegaShares launched the ETF in 2026.
The investment seeks capital appreciation.
The fund will invest at least 80% of the fund’s net assets (plus borrowings for investment purposes) in AI power and thermal companies and/or financial instruments (such as options or swaps) that provide indirect exposure to AI power and thermal companies.
About VegaShares AI Thrml, Clng & Pwr Mgmt ETF (COOL)
There are 4 members of the management team with an average tenure of 0.05 years: Andrew Hicks (2026), Qiao Duan (2026), Sunny Wong (2026) and Adam Stempel (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
VegaShares AI Thrml, Clng & Pwr Mgmt ETF has 28 securities in its portfolio. The top 10 holdings constitute 82.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VegaShares AI Thrml, Clng & Pwr Mgmt ETF is part of the Equity global asset class and is within the Sector Equity ETF group. VegaShares AI Thrml, Clng & Pwr Mgmt ETF has 12.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 25.3% There is 12.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VegaShares AI Thrml, Clng & Pwr Mgmt ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $522 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
COOL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VegaShares AI Thrml, Clng & Pwr Mgmt ETF expense ratio is above average compared to funds in the Technology category. VegaShares AI Thrml, Clng & Pwr Mgmt ETF has an expense ratio of 0.75%, which is 36% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VegaShares AI Thrml, Clng & Pwr Mgmt ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 40% for the Technology category.
Recently, in the month of August 2026, VegaShares AI Thrml, Clng & Pwr Mgmt ETF returned 0.0%, which earned it a grade of NA, as the Technology category had an average return of 5.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VegaShares AI Thrml, Clng & Pwr Mgmt ETF has a trailing yield of 0.00%, which is below the 0.44% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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COOL Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| COOL Return (NAV) | na | na | na | na | na | na |
| COOL Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Technology Avg | 5.6% | -3.8% | 38.1% | 26.6% | 11.4% | 19.4% |
| COOL Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| COOL Tax-Cost Ratio | na | na | na | na | na | na |
COOL Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| COOL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| COOL Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 28.2% | 23.1% | 20.0% | 43.5% | -35.4% | 17.3% | 51.6% | 37.9% | -3.3% | 32.3% | 15.5% |
| COOL Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Hicks Andrew (2026), Duan Qiao (2026), Wong Sunny (2026), Stempel Adam (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 82.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.4% |
Portfolio Allocation |
|
| Domestic Stock: | 25.3% |
| Foreign Stock: | 12.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 62.3% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VegaShares |
| Phone Number: | 888-862-3299 |
| Website: | |
| Inception Date: | August 12, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.55% |
